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Provide a brief explanation(3-5 sentences) of the history of accounting about the Industrial Revolution (1760-1830)

Provide a brief explanation(3-5 sentences) of the history of accounting about the Industrial Revolution (1760-1830)

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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mwte History of Accounting The Cradie of Civilization (3600 B. c.) Clay tablets was used in keeping acounting records. Double-entry bookkeeping (14th Century) Double-entry bookkeeping was disseminated by Luca Pacioli (The Father of Accounting) French Revolution (1700) Development of accounting theory began during this period. The Industrial Revolution (1760-1830) Fixed assets and mass production were given importance. The Beginnings of Modern Accounting in Europe and America (19th Century) Modern Accounting in Europe and America began. The Present (20th Century} Development in the accounting profession was developed. Provide a brief explanation(3-5 sentences) of the history of accounting about the Industrial Revolution (1760-1830)
Transcribed Image Text:mwte History of Accounting The Cradie of Civilization (3600 B. c.) Clay tablets was used in keeping acounting records. Double-entry bookkeeping (14th Century) Double-entry bookkeeping was disseminated by Luca Pacioli (The Father of Accounting) French Revolution (1700) Development of accounting theory began during this period. The Industrial Revolution (1760-1830) Fixed assets and mass production were given importance. The Beginnings of Modern Accounting in Europe and America (19th Century) Modern Accounting in Europe and America began. The Present (20th Century} Development in the accounting profession was developed. Provide a brief explanation(3-5 sentences) of the history of accounting about the Industrial Revolution (1760-1830)
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